Best Forex trading platforms in 2024: Top-rated reliable brokers
Forex trading platforms are always dynamic and evolving to meet the requirements of traders. There are a plethora of innovative tools, improved user experiences as well as never-before-seen access to international capital markets in these changing circumstances. As we enter 2024, these platforms have been taken to new heights and have come up with several features that enable traders of all levels to become empowered.
The present comprehensive guide is an expedition through the best Forex trading platforms in 2024. We shall explore unique features such as cutting-edge analytics and intuitive user interfaces that make these platforms different from one another. These detailed platform discussions will give you useful tips for making wise decisions, maximizing your strategies, and moving confidently through the intricacies of the Forex market.
BlackBull: secure and advanced FX trading platform
BlackBull Markets is a trustworthy and reliable broker that places the customers’ well-being at the top of its priorities.
It is authorized by the Financial Services Authority (FSA) of Seychelles and complies with strict regulations in dealing with customer’s funds. This aspect demonstrates BlackBull’s ethical practices in business dealings and care for customers.
Financial transactions and personal data are secured using advanced encryption techniques at BlackBull. Client funds are kept in separate accounts in reputable banks, which adds another security layer. This ensures that clients have peace of mind on knowing that their money is handled fairly and safely.
Check out: Forex brokers’ security measures: regulation, encryption, segregated accounts, and more
BlackBull instruments
The firm also provides different instruments to those who want diverse portfolios across several markets such as:
- Forex (currency pairs)
- Commodities
- Indices
- Cryptocurrencies
- Shares (equities)
- Futures
Can you imagine? BlackBull offers 26k+ trading assets in total
BlackBull platforms
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are familiar and convenient to everyone. Convenient and technologically advanced!
- cTrader, which provides Level II pricing, algorithmic trading support, and market depth analysis.
- Plus BlackBull Web Trader is browser-based, with real-time quotes and device compatibility.
- And for those who are always on the go, there is a mobile trading application that allows you to trade on iOS and Android devices with a convenient design.
BlackBull accounts
BlackBull provides different account types for different trading preferences:
- Of course, for the average trader, there is a standard account. Its advantages are a simple trading setup, ideal for beginners and those who are already a little familiar with the market.
- ECN account. This one is designed for experienced traders and offers direct market access, tighter spreads, and lower trading costs.
- A VIP account for large traders offers improved trading conditions, lower spreads, and priority customer support.
- Keeping the rules of Sharia in mind – An Islamic account that enables swap-free trading by Sharia law.
- And a trading demo account is the one you should start with.
Pro tip: Beginners should start with a demo account to practice and master the trading platform with virtual money! Then you can switch to a standard account and start with small deposit amounts.
For all these accounts, BlackBull provides various deposit options such as bank transfers, credit/debit cards, e-wallets, and Сyptocurrency.
BlackBull Copy trading and advanced features
The BlackBull team offers CopyTrader, a unique opportunity for users to mimic the strategies of experienced traders, providing valuable insight and portfolio diversification. To achieve these goals, the broker offers a variety of educational resources, such as webinars, training videos, articles, and demo accounts.
In addition, the trading platform includes integrated tools such as charting functions, economic calendars, risk management tools, and much more. A free VPS service is available for eligible customers, provided by leading company BeeksFX in major locations around the world.
Overall, our TopForex.trade team believes that BlackBull creates an optimal trading environment by providing a wide range of tools, advanced platforms, and helpful resources, with an emphasis on security and transparency for our clients.
In addition, our confidence in BlackBull Markets is also confirmed by the Deloitte Master of Growth Index, which highlights New Zealand businesses that have shown consistent growth over the past five years. BlackBull Markets was ranked 6th in the 2023 Deloitte Master of Growth Index.
XTB: the best European FX and CFDs broker
XTB, founded in 2002, is a leading online broker for FX and CFDs, regulated by authorities like the FCA and KNF. Based in Warsaw, Poland, XTB operates in over 10 countries, including the UK, Germany, Spain, France, and Turkey, making it one of Europe’s largest brokers.
Emphasizing client security, XTB uses advanced encryption, segregates client funds in top-tier banks, and offers two-factor authentication. UK clients benefit from FSCS protection, providing up to £85,000 compensation in case of insolvency.
XTB trading assets
- Currency pairs: Trade 50+ pairs with tight spreads from 0.1 pips and leverage up to 1:500. Tools like economic calendars and Autochartist aid in analysis.
- Indices: Access 20+ indices like S&P 500, and DAX 30 with spreads as low as 0.2 points. Leverage up to 1:500 with platforms xStation 5 and MT4.
- Commodities: Trade oil, gold, and cocoa with leverage up to 1:500. Competitive spreads and transparent rollovers.
- Stocks CFDs: Over 2100 stocks including Apple, Amazon, and Google with spreads starting from 0.1 pips. Leverage up to 1:10.
- ETFs CFDs: 60+ ETFs with spreads starting from 0.08 pips. Maximum leverage 1:10.
- Crypto CFDs: Trade Bitcoin, Ethereum, and Ripple with spreads from 0.22%, leverage up to 1:5. Market open 24/7.
Check out: FX trading tips with leverage and margin
XTB FX trading platforms
- MetaTrader 4 (MT4): Convenient advanced charts, technical indicators, automated trading – everything as we are used to
- xStation 5: A unique XTB offering that has a customizable interface, and news feeds.Both offer one-click trading, multiple order types, and risk management tools.
XTB accounts types
XTB offers Standard, Pro, and Swap Free accounts. There is no minimum deposit on a standard XTB account, there are over 2,100 assets available for trading, and leverage can be up to 1:500. Spreads start from 0.5 pips. This account also offers a Swap Free option, which means there are no swaps when making trades.
For the convenience of customers, XTB provides various methods of replenishing their accounts, including bank transfers, credit/debit cards, and electronic wallets such as PayPal, Skrill, and Neteller. Deposits are processed instantly, while withdrawals take up to 24 hours. It is worth noting that XTB strictly adheres to anti-money laundering regulations and only accepts funds from accounts registered to the same person.
Regarding trading fees and commissions, XTB offers competitive rates. Spreads are slightly higher on the Standard account, while commissions apply on Pro accounts. The amount of these commissions depends on the chosen trading instrument and the location of the client.
Pro tip: Check FX brokers’ commissions before opening trades. Choose an FX broker with the lowest commissions.
XTB additional features
Additionally, XTB focuses on trader education and hosts live webinars on fundamental and technical analysis. Their Trading Academy offers courses, video tutorials, and eBooks for traders of all levels. XTB also provides daily market analysis, including commentary and news updates, as well as an economic calendar that highlights upcoming economic events and their potential impact.
In general, our opinion about XTB is shared by many real positive reviews on Trustpilot.
eToro: Top Social trading platform
Imagine a trading platform that is more than just charts and numbers. It is an active community where traders connect, learn, and grow together. Introducing eToro, your Social trading oasis.
eToro trading assets
On the eToro platform, you can trade as many as 51 currency pairs, giving you the opportunity to choose from a variety of currency movement combinations. For stock lovers, we have 4,105 companies for you to research and stock trade. For investment diversity, we offer 421 ETFs and 32 commodities, as well as 21 index CFDs.
Dive into the exciting world of cryptocurrencies at eToro with access to 74 different options, including the popular Bitcoin and Ethereum. Our capabilities provide you with a wide range of options for your investment portfolio, and we are here to help you achieve your financial goals.
eToro trading platform
eToro offers a user-friendly platform, designed specifically for traders of all experience levels. The eToro mobile app allows you to trade on the go, providing access to features such as one-click trading and ProCharts. These tools make your trading more convenient and intuitive, allowing you to react to market changes immediately. Stay up to date with market activity and trade with confidence with the eToro platform that is always there for you when you need it.
eToro FX accounts
Let’s take a look at what eToro offers in terms of account selection and financial options:
- On the eToro platform, you can choose the account type that suits you: personal (retail), professional, corporate, Islamic, or demo account.
- Experience risk-free trading with a demo account that gives you $100,000 worth of virtual funds to practice with. This is a great opportunity to evaluate the platform and trading tools without risking real money.
- Money matters become easier with eToro Money. Say goodbye to complex transactions with eToro Money, which offers free and instant deposits and withdrawals. Don’t worry about currency conversion fees – eToro is transparent.
- eToro has transparent fees and commissions. Trade stocks and ETFs are commission-free, allowing you to manage your portfolio without incurring additional costs. There is a transparent 1% fee when buying or selling cryptocurrencies, so you always know how much you are paying for your investment.
eToro Social trading – join the community
Now let’s talk about social trading with eToro.
On eToro, you can copy other members’ trades using the CopyTrader feature, which allows you to not only trade passively but also follow and even chat with successful traders. You can learn and develop by observing what strategies other traders use.
Another benefit of social trading on eToro is that copying has low and transparent fees, making the process even more attractive. This will allow you to save time by managing your portfolio without the need to constantly monitor the market.
So on eToro, you don’t just trade but also share knowledge and strive to improve your trading experience.
Check out: eToro Social and Copy trading possibilities
In addition to our recommendation, take a look at the eToro high rating on Trustpilot.
AvaTrade: best Forex and CFD trading platform
If you’re looking for a broker with access to over 1,250 assets, including Cryptocurrencies, and 24/7 multilingual support, then AvaTrade is worth considering.
AvaTrade stands out as a comprehensive online trading broker with a strong regulatory framework. AvaTrade is licensed by various agencies around the world, such as:
- Investment Industry Regulatory Organization of Canada
- British Virgin Islands Financial Services Commission
- Financial Sector Conduct Authority (South Africa)
- Australian Securities and Investment Commission
- The Abu Dhabi Global Market Authorities
- Financial Services Agency (Japan)
- The Financial Futures Association of Japan
Pro tip: Check global Forex regulators and choose a reliable broker.
AvaTrade trading platforms
When it comes to trading platforms, AvaTrade offers a selection that rivals many offerings on the market. From MetaTrader 4/5 for traditionalists and tech enthusiasts, to WebTrader for beginners, AvaOptions for options trading, and AvaSocial for CopyTrading, they have it all. Automated trading platforms such as ZuluTrade and DupliTrade are also available.
AvaTrade trading instruments
AvaTrade boasts an impressive range of instruments, including Forex, bonds, stocks, indices, ETFs, and commodities CFDs. Known for their stability, bonds and ETFs are a strategic addition to portfolio diversification.
A special feature of AvaTrade is its variety of Cryptocurrencies. They offer a wide selection including Bitcoin, Ethereum, Ripple, and more, allowing you to diversify your portfolio and test your risk level.
AvaTrade: what else?
AvaTrade provides a variety of resources for learning, from trading videos for beginners to market strategies and analysis. Their AvaProtect feature, available on AvaTradeGo and WebTrader, offers a risk management tool that offsets losing trades through hedging.
Check out: AvaTrade’s advanced trading features: risk management tools, analytics, and Social trading
Thus, AvaTrade is a universal broker with advanced trading terminals and risk management tools. With a wide range of tools and platforms, AvaTrade offers security and choice for traders looking to diversify and manage their portfolios effectively.
Last but not least, AvaTrade has the highest rating on Trustpilot.
NAGA Markets: Top FX trading platform
Another convenient platform with advanced trading tools and a large trading community where you can exchange experiences and discuss strategies is NAGA Markets.
To ensure the availability of investment services to clients in different jurisdictions, NAGA complies with many authoritative regulations around the world such as:
- Cyprus Securities and Exchange Commission (CySEC)
- Markets in Financial Instruments Directive II (MiFID II)
- Markets in Financial Instruments Regulation (MiFIR)
In addition, NAGA is a participant in the Investor Compensation Fund, the purpose of which is to secure and compensate any claims of covered clients against members of the Fund.
NAGA Markets trading platforms
NAGA gives you the ability to seamlessly trade and invest in 950+ assets anywhere, even on the go. You can choose from:
- MT4 is a familiar platform with copy trade capabilities, synced with your NAGA profile.
- MT5 is a platform that supports a wider range of instruments, including real stocks. It has the best tools for comprehensive price analysis, algorithmic trading, and copy trades.
- NAGA Web App covers almost all the features of other platforms. Trade all 950+ instruments on a convenient and advanced platform!
- NAGA iOS is a full-featured NAGA app for iPhone.
- NAGA Android – all the same features and functionality are available for Android users!
Check out: NAGA Markets Forex trading mobile app features.
NAGA Markets trading instruments
With NAGA you have over 950+ instruments and assets to choose from and trade. These include Forex, real shares (not CFDs), indices, commodities, futures, and ETFs.
Pro tip: With NAGA Markets you can invest in real shares, not just CFDs.
NAGA Markets trading accounts
As a NAGA user, you can open two types of accounts: a demo account and a real (real money) one.
Opening a demo account is easy – once you sign up with NAGA, you’ll already have one by default! With it, you will receive a virtual balance of $10,000 USD to safely try different trading strategies (you won’t lose real money even if your trades turn out to be unprofitable!) absolutely free. You can use a demo account to explore the tools NAGA offers, view trader rankings, or even start demo trades! However, please note that to use the advanced features provided by the broker (including copy trades), as well as to withdraw funds, you need a live account.
Once you feel confident enough, you can proceed, confirm your identity, and switch to a live account. Here you will find all the best that NAGA has to offer, including of course the most important feature – trade copying, which allows you to follow professional traders and copy their transactions automatically. Thus, you can become a participant in the financial market, relying on the knowledge of experienced traders, and not waste time and money on independent management.
NAGA Markets trading fees
NAGA charges several types of commissions, and these commission amounts are among the smallest in the industry. Plus, the math behind these fees is really clear, so let’s break it down.
- There is no deposit fee:
Withdrawal fees depend on your VIP level: $0-$5 per withdrawal with a minimum of $50.
Trading commissions: CFD commission (€2.50 per entry/exit), Shares (€0.99 per entry/exit), ETF commission (0.10% of nominal value), swap.
- Copy fee:
To copy a trader, you pay a flat fee of €0.99 per trade. Additional commission only applies if your profit is more than €10. For any profitable trade worth €10+, you pay a 5% commission for copying the trader’s trade.
NAGA Markets deposits and payments
NAGA supports a variety of payment methods, so you’ll find one that’s right for you. Regardless of their diversity, they are all protected at the same level: the NAGA payment system provides a high level of protection for your funds and complies with all international and national security standards.
Payment methods include Debit/Credit Cards (Visa, Mastercard), Maestro, Discover, Paypal, GiroPay, Skrill, Eps, Ideal, etc.
In order to be able to withdraw funds, you need to be a verified user with a verified identity and verified payment methods. If these two conditions are met, then you will be able to trade and withdraw your funds without problems.
Good news: real traders also choose NAGA Markets! Check out NAGA Market’s rates on Trustpilot.
Related articles:
- How to start Forex trading and enter the exchange: 10 steps to your first deal with an online broker
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Best Forex trading platforms in 2024 - FAQ